Champion REIT

Champion REIT Announces Opening of LANGHAM BEAUTY

Monday, November 22, 2021 - 8:18am

HONG KONG, Nov 22, 2021 - (ACN Newswire) - Champion Real Estate Investment Trust ("Champion REIT" or "Trust") (Stock Code: 2778), owner of Three Garden Road and Langham Place, announced the opening of the brand-new beauty concept store - LANGHAM BEAUTY in Langham Place Mall.

Key Points: 
  • HONG KONG, Nov 22, 2021 - (ACN Newswire) - Champion Real Estate Investment Trust ("Champion REIT" or "Trust") (Stock Code: 2778), owner of Three Garden Road and Langham Place, announced the opening of the brand-new beauty concept store - LANGHAM BEAUTY in Langham Place Mall.
  • Located on level 1 of the mall and housing internationally renowned beauty brands, including ARMANI BEAUTY, DIOR BEAUTY, ESTEE LAUDER, LANCOME and SHISEIDO, LANGHAM BEAUTY represents a new presence of beauty in town and unveils an exquisite shopping experience with an immersive and dynamic forest-like interior design.
  • In view of this tremendous achievement, LANGHAM BEAUTY, debuted on 21 November 2021, has also prepared a series of exciting opening offers together with 20 beauty brands.
  • During the opening period (from 21 November 2021 to 19 December 2021), LANGHAM BEAUTY will present over 100 exclusive makeup and skincare sets of attractive savings of up to 72% at its physical store, while 10 of which will be available on "Langham Place x LANGHAM BEAUTY eSTORE" as well.

Champion REIT "Magical Langham Place in Your Lens" Student Filming Competition Concludes Successfully

Monday, October 18, 2021 - 9:07am

HONG KONG, Oct 18, 2021 - (ACN Newswire) - Champion Real Estate Investment Trust ("Champion REIT" or "Trust") (Stock Code: 2778), owner of Three Garden Road and Langham Place, announced the winners of the "Magical Langham Place in Your Lens" Student Filming Competition, which was held during summer this year.

Key Points: 
  • HONG KONG, Oct 18, 2021 - (ACN Newswire) - Champion Real Estate Investment Trust ("Champion REIT" or "Trust") (Stock Code: 2778), owner of Three Garden Road and Langham Place, announced the winners of the "Magical Langham Place in Your Lens" Student Filming Competition, which was held during summer this year.
  • The champion received a cash prize and Langham Place cash vouchers worth HK$10,000 in all and will be granted job opportunities.
  • About Champion REIT (Stock Code: 2778)
    Champion Real Estate Investment Trust is a trust formed to own and invest in income producing office and retail properties.
  • These include two Hong Kong landmark properties, Three Garden Road and Langham Place, as well as joint venture stake in 66 Shoe Lane in Central London.

Champion REIT Enters Sustainability-Linked Swap with DBS Hong Kong

Wednesday, October 6, 2021 - 7:36am

HONG KONG, Oct 6, 2021 - (ACN Newswire) - Champion Real Estate Investment Trust ("Champion REIT" or "Trust") (Stock Code: 2778), owner of Three Garden Road and Langham Place, has entered into an agreement concerning cross-currency swap transaction (the "Swap") with DBS Hong Kong ("DBS").

Key Points: 
  • HONG KONG, Oct 6, 2021 - (ACN Newswire) - Champion Real Estate Investment Trust ("Champion REIT" or "Trust") (Stock Code: 2778), owner of Three Garden Road and Langham Place, has entered into an agreement concerning cross-currency swap transaction (the "Swap") with DBS Hong Kong ("DBS").
  • Champion REIT launches its Women Empowerment Programme - "Champion Mothers" in collaboration with St. James Settlement to support mothers with SEN children
    Champion REIT values sustainable development and is dedicated to promoting diversity and inclusion of the community.
  • Under this sustainability-linked swap, Champion REIT is eligible to receive sponsorship from DBS to support its Women Empowerment Programme - Champion Mothers, provided that Champion REIT can successfully achieve the key performance targets related to women empowerment.
  • Champion REIT secured its first sustainability-linked loan with eight banks, including DBS, in June this year.

Fulcrum Hospitality LLC Announces Appointment of Executive Vice President

Monday, July 26, 2021 - 4:00pm

JERSEY CITY, N.J., July 26, 2021 /PRNewswire-PRWeb/ --This morning, Fulcrum Hospitality LLC ("Fulcrum") announced the promotion of Jonathan Korr to the position of Executive Vice President, signifying his impressive career growth as a senior hospitality industry professional.

Key Points: 
  • JERSEY CITY, N.J., July 26, 2021 /PRNewswire-PRWeb/ --This morning, Fulcrum Hospitality LLC ("Fulcrum") announced the promotion of Jonathan Korr to the position of Executive Vice President, signifying his impressive career growth as a senior hospitality industry professional.
  • "Jonathan's value to our firm simply cannot be overstated," remarked Steven Angel, Fulcrum's Principal and Founder.
  • Cheryl Boyer, Chief Operating Officer of Fulcrum noted, "Jonathan is accountable for leading a team of professionals that oversees a substantial portion of our lodging portfolio.
  • Fulcrum Hospitality is a boutique operating partner, asset manager, and transaction advisor in the lodging and gaming space.

Champion REIT Secures First Sustainability-Linked Loan

Tuesday, June 8, 2021 - 9:01am

HONG KONG, June 8, 2021 - (ACN Newswire) - Champion Real Estate Investment Trust ("Champion REIT" or "Trust") (Stock Code: 2778), owner of Three Garden Road and Langham Place, has signed its first five-year HK$3.0 billion unsecured sustainability-linked term and revolving credit facilities.

Key Points: 
  • HONG KONG, June 8, 2021 - (ACN Newswire) - Champion Real Estate Investment Trust ("Champion REIT" or "Trust") (Stock Code: 2778), owner of Three Garden Road and Langham Place, has signed its first five-year HK$3.0 billion unsecured sustainability-linked term and revolving credit facilities.
  • The loan is backed by:
    -- The Bank of East Asia, Limited
    Based on the facilities agreement, Champion REIT will receive a discount on the loan's interest rate once the Trust has achieved the pre-determined sustainability-linked performance targets.
  • The sustainability-linked performance targets are based on the aspects of Environmental, Social and Governance ("ESG"):
    -- Champion REIT achieves reduction of carbon intensity;
    -- Champion REIT attains WELL Building Standard; and
    -- Champion REIT retains its listing on the Hang Seng Corporate Sustainability Benchmark index.
  • About Champion REIT (Stock Code: 2778)
    Champion Real Estate Investment Trust is a trust formed to own and invest in income producing office and retail properties.

SF REIT Announces Details of Proposed Listing

Tuesday, May 4, 2021 - 1:00pm

b'HONG KONG, May 4, 2021 - (ACN Newswire) - SF REIT Asset Management Limited (the "REIT Manager"), as the manager of SF Real Estate Investment Trust ("SF REIT"), today announces the details of the proposed listing of SF REIT (the "Listing") on the Main Board of The Stock Exchange of Hong Kong Limited (the "Hong Kong Stock Exchange").

Key Points: 
  • b'HONG KONG, May 4, 2021 - (ACN Newswire) - SF REIT Asset Management Limited (the "REIT Manager"), as the manager of SF Real Estate Investment Trust ("SF REIT"), today announces the details of the proposed listing of SF REIT (the "Listing") on the Main Board of The Stock Exchange of Hong Kong Limited (the "Hong Kong Stock Exchange").
  • SFH is expected to indirectly hold approximately 35.0% of SF REIT at the time of Listing.
  • SFH has granted to SF REIT a right of first refusal ("ROFR") which shall give SF REIT access to potential acquisition opportunities from the SFH group for the first five years upon Listing.
  • After Listing, the REIT Manager will, leveraging on its knowledge and expertise in conducting property investment, actively search for suitable acquisition opportunities for SF REIT.\nSF REIT is managed by the REIT Manager, SF REIT Asset Management Limited, who has the overall power and responsibility to manage SF REIT and the properties.

Champion REIT Announces 2020 Annual Results

Thursday, February 18, 2021 - 5:05am

HONG KONG, Feb 18, 2021 - (ACN Newswire) - Champion Real Estate Investment Trust (stock code: 2778), the owner of Three Garden Road and Langham Place, announces its financial results for year ended 31 December 2020.

Key Points: 
  • HONG KONG, Feb 18, 2021 - (ACN Newswire) - Champion Real Estate Investment Trust (stock code: 2778), the owner of Three Garden Road and Langham Place, announces its financial results for year ended 31 December 2020.
  • Against the backdrop of a global economic downturn, Champion REIT recorded a decline in distributable income by 5.7% to HK$1,554 million and distribution per unit ("DPU") dropped 6.1% to HK$0.2500.
  • Occupancy of the property was 86.8% as at 31 December 2020.
  • About Champion REIT (Stock Code: 2778)
    Champion Real Estate Investment Trust is a trust formed to own and invest in income producing office and retail properties.

Power REIT Announces 2020 Dividend Income Tax Treatment

Friday, January 29, 2021 - 9:42pm

Stockholders are encouraged to consult with their own tax advisors as to their specific tax treatment of the Company's distributions.

Key Points: 
  • Stockholders are encouraged to consult with their own tax advisors as to their specific tax treatment of the Company's distributions.
  • Power REIT (NYSE American: PW) (the Registrant or the Trust, and together with its consolidated subsidiaries, we, us, the Company or Power REIT, unless the context requires otherwise) is a real estate investment trust (REIT) that owns real estate related to infrastructure assets including properties for Controlled Environment Agriculture, Renewable Energy and Transportation.
  • Power REIT is actively seeking to expand its real estate portfolio related to Controlled Environment Agriculture.
  • Additional information about Power REIT can be found on its website: www.pwreit.com .

Champion REIT is Honoured with Prestigious Accolades in Multiple Categories amidst Challenging 2020

Tuesday, December 22, 2020 - 8:30am

HONG KONG, Dec 22, 2020 - (ACN Newswire) - Champion Real Estate Investment Trust ("Champion REIT") (Stock Code: 2778), owner of Three Garden Road and Langham Place, has garnered various prestigious accolades in multiple categories during the year, despite the turbulent business environment.

Key Points: 
  • HONG KONG, Dec 22, 2020 - (ACN Newswire) - Champion Real Estate Investment Trust ("Champion REIT") (Stock Code: 2778), owner of Three Garden Road and Langham Place, has garnered various prestigious accolades in multiple categories during the year, despite the turbulent business environment.
  • Among the recent honours bestowed on Champion REIT is The Asset Triple A Country Awards 2020 -The Best Corporate Bond (Hong Kong), which highlights its financial management excellence, and follows on the heels of the issue of 10-year USD300 million medium term notes during the first half of 2020.
  • The deal marked the return of Champion REIT to the US dollar bond market after more than seven years, and represents the first US dollar bond offering by a Hong Kong REIT since 2016.
  • They represent widespread recognition of our team's relentless efforts towards seizing opportunities from risks and maintaining business continuity.

KBS Assisted in the Acquisition of Park Tower in Sacramento, California; Class A Office Tower for $165.5 Million on Behalf of Prime US REIT

Wednesday, February 26, 2020 - 4:00pm

The property was acquired for $165.5 million by Prime US REIT (PRIME), which trades on the Singapore Exchange Securities Trading Limits ticker as: OXMU.

Key Points: 
  • The property was acquired for $165.5 million by Prime US REIT (PRIME), which trades on the Singapore Exchange Securities Trading Limits ticker as: OXMU.
  • KBS serves as the U.S. based asset manager for the portfolio, which included identifying and sourcing this asset on behalf of the portfolio.
  • Park Tower is a Class A property that consists of 24 stories of office space, retail and parking garage space.
  • Acquiring Park Tower is a strategic investment into a prime location and a premier asset.